When other countries are carrying out several considerations related to the use of technology, which is currently considered to be able to potentially stifle the value of fiat currencies. Different steps came from Central Asian countries, Khazastan who decided to build the facilities and infrastructure used to support the global economic digitalization program. We know that technology is decentralized technology. With the operating system that is not controlled by any party and the of its technological components is supported by the MIT License. But the use of its own right is limited by the policies of each country.
Therefore the decision of the highest leadership and the official financial institution Khazastan was decided to establish “digitalization of the economy” through the use of technology. Many things have been done by the government to support the development of this project. Among them is taking an examination of the feasibility study of renewable energy development. Where the results of this exam stated Khazastan as the first country that successfully passed to develop its own renewable energy. The big decision of the Khazastan government to build this project is certainly inseparable from various analyzes involving the Ministry of Finance and the Khazastan Energy Development Ministry.
The revenue from the use of technology is allocated to build three main sectors, namely the manufacture of transportation cards, the construction of infrastructure, and the construction of solar-powered electricity. Where the percentage of profits obtained is 20% for infrastructure development, 30% for transportation card making projects, and 30% for solar-powered electricity development. Distribution of profits has a period of time each, every month for making transportation cards and building solar-powered electricity, and every week for the construction of infrastructure.
Based on data obtained from the International Monetary Fund, it shows that the level of Khazastan’s country’s gross domestic product from 1992 to 2014 continued to experience a significant increase. This proves that Khazastan deserves to be the country that built one of the biggest technology projects in the world.
Facite as the main crytocurrency platform built by the Khazastan government to control this technology system and also to create a that can be used to raise funds with the ICO (Initial Coin Offering) system.
Where the system of selling will take place twice. In the first stage, Facite opened private sales of 700,000,000 FIT with a discount of 10% and an Airdrop sales system of 300,000,000 FIT. In the second stage Facite will open sales in general for 1,000.0000,000 FIT with a bonus of 5%.
Of the total number of Facite , it can be ascertained that a large amount of this is allocated for ICO sales. Then followed by 20% operational company, 10% team members, 10% marketing, 10% development, 5% advisory, and 5% reserves.
We can conclude from this distribution mechanism that Khazastan is really serious in developing this project. This can open our horizons that technology is technology that can be one of the biggest solutions in improving world development.
Each of these projects, which are the main sectors of development, also has the objective of adopting massively the use of this system. For example, such as the system of transportation payments via cards, which will eventually be adopted into various public facilities, such as . The use of technology-based cards is usually considered by other economists as a risk that can slowly eliminate the use value of fiat currencies. But it is different from Khazastan, because basically the fiat currency printing process uses expensive materials and production costs. In addition, the printing and distribution of fiat currencies must also be done every day. Where the distribution process will also issue a large amount of funds. Unlike the case with a card that can be used in a few years and is more practical to carry anywhere.
The various steps Khazastan has taken to become the center of the world’s digital economy are a bold policy that must be taken into account by the world economy.
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Eth: 0xa31cb54952d9dbdaf5546bcc7e43704819002693
Published at Wed, 22 May 2019 05:28:53 +0000
